July 19, 2026 • 33 mins
This week's Money Diary is for anyone who's ever felt like their relationship with money was shaped long before they earned their first paycheck.
Growing up, money was always part of the conversation in her house. But not in a good way.
She watched her mum give up career opportunities, financial independence and choices, while money was treated as something that belonged to someone else. And without realising it, she carried those lessons into adulthood. Spending became freedom. Saving felt impossible. And for years, she bounced between worrying about money and avoiding it altogether.
At 31, things look very different.
She's earning around $130,000 a year in mining recruitment, has built her savings to $60,000, started investing, and is on track to hit $90,000 in savings by the end of the year. Not because she's perfect with money, but because she finally realised that financial security isn't about restriction. It's about choice.
We chat about growing up in a household where money created tension, the spending habits that took years to unlearn, the pressure to buy property when everyone around you seems to be getting ahead, and why she's determined to create financial independence for herself, even while in a loving long-term relationship.
This conversation felt like such an important reminder that your money story doesn't have to end where it started.
SORT YOUR INSURANCE: A big thank you to our partner Skye Wealth for bringing this episode to life. If you're ready to get your insurances sorted, you can learn more about them here.We have a long standing referral partnership with Skye Wealth and only ever partner with people we trust.
CHECK OUT THE SOTM INVESTING HUB: Full of our best investing freebies, resources, courses and podcast episodes here.
INVESTING FOR BEGINNERS: All our best beginner's investing podcast episodes in one place here.
Ready to binge more relatable, inspiring, and downright juicy money stories? Check out our ultimate Money Diaries playlist. Listen now
Join our Facebook Group AKA the ultimate support network for money advice and inspiration. Ask questions, share tips, and celebrate your wins with a like-minded crew of 300,000+.
And follow us on Instagram for Q&As, bite-sized tips, daily money inspo... and relatable money memes that just get you.
Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements.
The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 4451289
See omnystudio.com/listener for privacy information.
Listen
Watch
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
My name is Satasha Bamblet. I'm a proud First Nations
woman and I'm here to acknowledge country te glennyan Ganya, Niana,
Kaka yah y and Binahaka Nian our gay In Mbini,
yakarum Jar, dominyamiga Umaga Ihowaka, Nile, Waman damin Immalan, Bumba
bang gadaboma In and now in wakah ghana on yakarum
Jar Watanadaa. Hello, beautiful friends, we gather on the lands
(00:24):
of the Aboriginal people. We thank acknowledge and respect the
Abiginal people's land that we're gathering on today. Take pleasure
in all the land and respect all that you see.
She's on the Money podcast acknowledges culture, country, community and connections,
bringing you the tools, knowledge and resources for you to thrive.
Speaker 2 (00:45):
She's on the Money.
Speaker 3 (00:47):
She's on the Money. Hello, and welcome to She's on
the Money, the podcast that'll let you be a pervy
about other people's money habits for educational purposes, of course.
Welcome back to another one of our Money Diarius episodes,
brought to you by our friends at sky Wealth, where
I get the absolute privilege of sitting down with one
(01:07):
of our incredible Shees on the Money community members and
talking to them all about their journey. Now let's jump
straight into it, because this week I got a message
and it sounded exactly like this high Shees on the Money.
I'm thirty one. I work in mining recruitment and have
spent many years rebuilding my confidence with money. I've gone
from worrying about every single dollar to saving aggressively investing
(01:30):
and planning a dream Thaighland trip and thinking seriously about
my future. I don't have a perfect money story. I
still battle with lifestyle spending and the pressure to buy property,
but I'm learning how to build wealth while actually enjoying
my life. I'd love to share the winds, mistakes, and
mindset changes that got me here money Doris. The second
I saw that, I was like, get on my show.
(01:51):
This is amazing. Welcome. Yeah, it's definitely a bit of
a shift mining recruitment. Like I'm just I'm not gonna
ask any questions now, we'll get into that in a
hot second. The question I'd like to ask people right
off the bat, what grade money dost would you give
your money habits if I asked you to give them
a grade from A through to F.
Speaker 4 (02:09):
I'd probably give myself a B. I think I've come
a fair way. Yeah, all right, so let's learn a
little bit more about that. Can you tell me a
little bit more about your money story and the things
that have impacted it. I grew up in a house
where money was always like talked about, but like in
a negative way, Like my dad was sort of would
(02:30):
use it as a bit of a source of control. Yeah,
so like he wanted my mom to stay at home
and raise the children, and he referred to money as
like his.
Speaker 3 (02:39):
Money, Oh delight me, not like the families.
Speaker 4 (02:42):
Yeah, which was always like I guess kind of gave
me a little bit of a sort of worry about
like finances and all that sort of stuff. I'd see
what pressure my mom was under, like not to spend
money and things like that. Yeah, and yeah, I basically
just like saw how she was discouraged from chasing her
career and pursuing opportunities that came up to give her
(03:02):
financial independence.
Speaker 3 (03:03):
So, oh my god, that's so rough. That is so rough.
And seeing that as a child, like I'm assuming at
an age that you were like relatively formative. You don't know,
that's wrong. You just go, well, it must be his money,
that must be how this works.
Speaker 4 (03:18):
Yeah, exactly, And I think it had a huge impact
on me. And like the way that I saw money
when I first started earning money for myself, I kind
of went in the opposite direction of like how my
dad is with money, Like my dad's like wouldn't want
to spend money on anything, would be very very like
strict with money. So I just sort of went out
and spent all my money on like poes and you know,
(03:42):
going out with my friends and things like that.
Speaker 3 (03:44):
It makes sense because you didn't have freedom before and
then all of a sudden you have freedom of choice
and you're like, oh my god, I can choose anything,
and I'm going too, and like that is so common,
Like I wish I could be like, oh no, that
doesn't really happen. Like usually if we've been constricted in
literally anything, it would be money, it could be food,
it could be like our lifestyle, it could be anything.
(04:04):
The second we go from being like no, you're not
being restricted to you can basically do anything and make
your own choices, we do get a little bit silly,
like we do, and we don't mean it but it's
our way of kind of like making sure that we
feel like we're in control.
Speaker 4 (04:19):
Yeah exactly, I jumped off the other side of the
spectrum pretty much. And yeah, basically was like that up
until very recently, to be honest, And then I started
sort of having a bit of a mindset shift because
I'm getting older now, and yeah, my relationship with money
is definitely changed a lot thanks to you as well.
Speaker 3 (04:40):
Oh so sweet.
Speaker 4 (04:42):
Yeah, Like I was like getting into saving and all
that sort of stuff, and then just like obviously listen
to a lot of podcasts and spread a few books
and things, and then yeah, my mindset sort of shifted,
and I realized that like obviously, building like wealth and
all that sort of stuff is actually really important because
that's actually you've got more control over your money if
(05:03):
you're doing that rather than spending it all on close.
Speaker 3 (05:07):
And it's totally about learning this idea of delayed versus
instant gratification, because like, when you come out of a
situation that is rather restricted, whether you understand it or not,
instant gratification is what we default to because you've had
you know this, I would say delayed gratification, but like
not in a good way, like things have always been
pushed off for you, and you're like, well, this idea
(05:28):
of delayed gratification doesn't really work because like people say,
you can have it later or you know, not now,
and you're like, well that never happens, Like that never
comes true. So you go to, oh, those genes of
sale right now, and I'm going to have them right now,
and that makes me feel really good and my dopamine spikes,
and girl, I get it, like I really do. And
I got myself into a pickle because I was such
an instant like gratification queen. But like, don't get me wrong,
(05:52):
that felt good, didn't it. Like we don't have to
look back and say, oh, oh I was so bad. Girl.
I had a good time into debt, like I really did.
Speaker 4 (06:02):
I enjoyed the five passls a week.
Speaker 3 (06:04):
Oh my god, me too. But like at some point
you realize, hmm, this is actually stealing from future me.
What am I going to start doing? So tell me
about that mindset shift. You started listening to podcasts and
like picking up content and focusing on your savings. But like,
what made you go I actually want to do this
because like so many people want to but then, don't
(06:26):
I think.
Speaker 4 (06:27):
A lot of it as well? Was I changed from
being in a job where I was making it week
to week, whereas like any little bits of money that
I had spare, I was like, oh, I might as
well just spend it. Yeah, And then obviously got better
jobs and better jobs, and then sort of was like, Okay,
well I need to actually start thinking about my future,
(06:49):
growing a bit older as well, and then sort of
realizing that other people were further along than me, like
I was just renting with some friends, and you know,
then I sort of realized, oh, property market, how am
I ever gonna like afford a home if I don't
like start to actually really think about money and savings
(07:10):
and all that sort of stuff totally.
Speaker 3 (07:12):
And in the I don't know if I call them
letters or emails or whatever people send me. You said
that you know, you're still battling lifestyle spending and the
pressure to buy property, and I feel like that's really
relatable for our community. And you keep saying I'm getting older.
I'm I want to like smack you down a little
bit and be like, queen, you are only thirty one,
like please, like you are so young, but it's so
(07:35):
hard when you get to that like thirty year old age.
I feel, especially for people in twenty twenty six, you
get to about thirty and like it's like wealth starts
to seep out of people, so instead of being relatable
and having housemates and you're all kind of in the
same ship, Like you will start to see a few
friends buy a property and you're like, hold on, I
didn't even realize you were saving. And you start to
(07:56):
see a few friends like spend big on a Europe
trip and you're like, hold on, and I didn't realize
you could afford that. And you kind of realize that
people have been saving and investing in the background, and
you're like feel left behind in a way, but you're not,
like you're literally where you're supposed to be. But is
that kind of how it felt for you?
Speaker 4 (08:14):
Yeah, definitely, I felt like I was behind a lot.
But another thing would be I'm in a long term
relationship and my partner he owns his house and has
pretty much nearly paid off his mortgage.
Speaker 3 (08:28):
Okay, she knows how to date.
Speaker 4 (08:31):
He's a bit older than me. But I think like
as well, like bringing it back to like my parents,
and that situation is like I still want to buy
my own property because like I'm quite adavert to be
like independent and have my own financial freedom as well.
Speaker 3 (08:49):
I'm obsessed. I can't tell you how much I love
it when I meet a woman who says I'm in
a long term relationship or I've got a boyfriend, but
like I don't want him to be part of my
b get financial goals because I just want to be
set up on my own. You just know that that's
a really healthy relationship. You just know that, like you
obviously have a good level of respect for each other,
(09:10):
because so many people are like, oh, my boyfriend just
doesn't want me to do it without him, and that's
not a problem. Like my husband, if I had said
I want to buy my own house, he would have
been like, Victoria, I feel left behind, Like I want
to be on this journey. But like, obviously there's a
bit of a difference in your relationship where you said
your partner is like ahead of you. You're like, I
just want to catch up and I want to be
on the same page, and I just is your partner
(09:31):
really supportive of that?
Speaker 4 (09:32):
Yeah, No, he's happy for me to do it, like
he's setting the past like just save as much as
you can and potentially in the future, like depending on
obviously what happens with the property market and stuff, like
we might eventually buy something together or I might buy
something solo. But yeah, he's very very supportive of my
saving journey. Like he doesn't make me pay rent or anything,
(09:55):
so it's quite helpful.
Speaker 3 (09:56):
Money with Thank you, sir. Oh love to see it
all right, tell me a little bit more. You know,
you said you went from worrying about every single dollar,
and I find that when people say that, there seems
to be like a tipping point because like, given your
money story in the way you grew up, you're like,
I'm just spending week to week and like I'm just
spending what's there because it didn't feel like enough, like
(10:18):
or I might be incorrect, but that's the vibe was
picking up from. You know what you said. You kind
of said that you'd spent all of your money and
then there was like a little bit left. So you're like,
what's the point, Yes, at what point did you go,
actually that small amount of money has power. I should
be like saving, I should be you know, putting that
aside for later. And did it feel fruitless at the start,
(10:40):
or like where did this come from to have such
a big mindset shift.
Speaker 4 (10:43):
Oh, I kind of hit rock bottom, well not rock bottom,
but like I just had loads of outgoings and I
wasn't managing my money well, Like I was still going
out a fair a few times a week for like
meals and things. And then like I remember like being
on the phone to like phone company and like asking
for them to defer it every couple of weeks, and
(11:05):
I was just like, oh, this is like I don't
want to be in this situation where I'm living week
to week and like I'm stressed about money. Like I
remember crying to one of my supervisors at the time,
like about money and like if I could get a
pay rise, and I was like, I don't want to
be asking that based off like yeah, I want to
be asking based off merit, not because I feel like
(11:26):
I'm in financial trouble and stressed out. And yeah, that's such.
Speaker 3 (11:31):
A stressful position. And so what was the first thing
you did? You obviously consumed a whole heap of content,
but did you open a separate savings account or did
you just go, oh, I'm going to say no to
the next dinner or like what was like, I guess
the small steps that took you towards this.
Speaker 4 (11:50):
I opened a completely different savings account, so I have
my main account with Commonwealth, and then I have you
Bank as my savings, and then within that, I have
eight separate accounts where.
Speaker 3 (12:02):
I I, oh, my goodness, you've gone hair. I love it.
Speaker 4 (12:07):
Yeah, I went a little bit crazy with separate accounts.
When I transfer on payday automatically into my savings, like
it's a rent situation, so that goes straight into my savings.
I'm saving one thousand, six hundred and fortnite into my savings.
Speaker 3 (12:22):
How good's that?
Speaker 4 (12:24):
And then I'll put in like, you know, fifty dollars
into like presents fifty dollars into whichever account, and then
like that would just build up, like I've got an
emergency fund as well, so stop it.
Speaker 3 (12:38):
Past you would be like, who is this woman? What
has she done? And why is our money all so organized?
Like what do you mean it's not in our wardrobe?
Speaker 4 (12:47):
Nah? It definitely feels good as well to have like
an emergency fund and stuff.
Speaker 3 (12:51):
I'm obsessed. So tell me a little bit more about you.
You mentioned that you work in mining recruitment. So what
is that job and how much do you get paid
to do it?
Speaker 4 (12:59):
Yeah, work as a recruiter for mining, So I essentially
employ all like mechanical trades in the mining industry and
I get paid as a commission based job. So this
financial year to be around one hundred and.
Speaker 3 (13:14):
Thirty stop it? What's your base?
Speaker 4 (13:17):
Ninety five? Oh?
Speaker 3 (13:18):
How good's that? That's a nice amount of comms. So
tell me are the people that you're recruiting for? I
don't know what you meant. So you said, like for
mechanical trades. Obviously I understand that, but like, does that
mean that they have to be skilled or does that
mean that you know they're going in and being trained
or like what type of people are you looking for
and how hard are they defined?
Speaker 4 (13:39):
Yeah, mostly have to be trained, so four year apprenticeship.
We do have a few people like service people which
are not trained, but we don't get too many on that.
It's more the actual apprenticeship.
Speaker 3 (13:52):
Yeah, no, that makes sense.
Speaker 4 (13:53):
They have to have completed a four year apprenticeship and
usually a couple of years experience behind them as well.
Get them on board.
Speaker 3 (14:00):
I feel like that means you're as a recruiter probably
hustling pretty hard because like my best friend was a
recruiter for ten plus years and she worked more in
professional services and she got to lean on like LinkedIn
really heavily. But when you're working in like that more
mechanical field, they're not usually setting up a really shiny,
fancy LinkedIn for a recruiter to stumble across. So am
(14:23):
I right in assuming like the hustle is hard.
Speaker 4 (14:26):
Yeah, not many mechanics have linkedins, So no, it's definitely
a lot of seek and gold calls and things.
Speaker 3 (14:33):
Yeah yeah, wow, how cool. So now tell me what's
your big money goal. Like you said that you have
your U bank set up, it's got eight different accounts,
but like, what are you working towards a couple?
Speaker 4 (14:46):
So by the end of this year, I want to
have ninety K in my savings stop my main savings account,
just because yeah, I'm looking obviously potentially property, so just
sort of want to have that set in there. And
then I'm going on a trip to Thailand with my
partner at the end of the year as well, So
three weeks away in Thailand.
Speaker 3 (15:06):
Sorry, oh my good nurse, Thailand is stunning. Tell me
how did you plan that trip with your partner? Like,
how are we funding it?
Speaker 4 (15:13):
Well, he's not really a saver who works in mining,
so he gets like a fair amount of money each
month when he gets paid, so he's really saved. He'll
just be like, oh, I've got the money.
Speaker 3 (15:25):
It must be nice. Can you can you just introduce
him to me? Oh that sounds bad, but can you
introduce him to me? Because I want to set up
he is like money in cash flow system, because my goodness,
the amount of people that I see in like these
mining jobs, which you can probably agree with me, they
could last forever, but often people want to tap out
but they haven't set themselves up financially well enough to
(15:47):
exit the industry, so that they're like stuck on the
rat race of mining. Can you tell him to get
his budget life together? Please?
Speaker 4 (15:55):
Yeah, he definitely overdoes it on the over eats, but no,
he puts most of his money onto the mortgage, so
he's nearly paid it off, so that is not too
bad with money.
Speaker 3 (16:05):
But he's also got high cash flow, so tell me.
Obviously he's going to fund it as he is, and
you've been saving for it. How bougie is this holiday, Like,
how did you make decisions around, Oh, what's a reasonable
price to pay for a hotel? Because they've really been
adding up or I'm finding that when I'm googling holidays
to go on, they're just adding up and hotels are
(16:25):
so much more expensive than I like have in my
head what they should be. Is that the same for
you while planning.
Speaker 4 (16:30):
Yeah, it's definitely on the price er side, just because
we are going over Christmas in years.
Speaker 3 (16:34):
Oh yeah, you've really decided to ramp it up there.
Speaker 4 (16:38):
But I already have like booked to them, just not
paid for them all yet, but I did go sort
of mid range. It is going to be a little
bit expensive. But I think we're probably in the next
few years looking at having kids, so I'm like, oh, well,
you know, it's a big go hard before Yeah.
Speaker 3 (16:55):
Yeah, go hard, because like I'm telling you right now,
I had a baby. Obviously I have two of them.
We traveled to Europe with my son when he was
four months old, and that was incredible, But right now
here's two and there is absolutely no chance I'm getting
on an international flight with a two year old and
I don't know how long that's gonna last. And like
it's a season. I'm not mad about it, but like, yes,
(17:16):
live it up right now because when they're teeny tiny,
little sweet potatoes who can't move, holidaying with them is easy.
But once they have little opinions, absolutely not, once they
can run, absolutely not. I'm telling you right now, I
do not. Yeah, I do not want to just parent
overseas like that would not be a holiday for me.
It would be wasted.
Speaker 4 (17:37):
Yeah, exactly. It's been a hard work.
Speaker 3 (17:39):
Yeah exactly. So I feel like you've got your head
screwed on their money. Dos. Let's go to a really
quick break because on the flip side, I want to
ask you a little bit more about this ninety thousand
dollars in savings, because that's incredibly impressive your investments, your debts,
and your personal insurance. So don't go anywhere, all right,
money dives. Do we back ninety grand in saving? God,
(18:03):
that's hectic. How did you get that much money in savings?
After saying I just I wasn't very good at money
and now I'm thirty one, queen, what.
Speaker 4 (18:15):
Well, I'm not quite there yet. I want to be
at ninety by the end of the year. So it's
currently at sixty.
Speaker 3 (18:20):
Okay, but okay, like reframe, it's at sixty so you've
got more than ten grand in savings. Like when you said, oh,
I just I've started saving, I just fully expected you
to be like, look, bebe you know, I've just really
started and I've got my first five grand in savings,
which would also be impressive, But you blew that out
of the water. How did you change your mindset so
(18:41):
dramatically to have such a large sum.
Speaker 4 (18:44):
I've been trying to get behind like the under consumption
videos and things on TikTok because I definitely had a
spending problem, so very fair. Yeah, that's definitely helped a lot,
trying to shift my mind from like spending all my money,
so I think that makes me thing for me is
just like not spending so much money on clothes and things.
Speaker 3 (19:04):
It's kind of humbling, isn't it When you fall onto
like that side of content and you're like, hey, like
these girls might be onto something. One of my team
members Brook you might have seen her on socials. She
does a lot of content like that and I'm just obsessed.
But even in our team group chat, she'll be like
literally who she is online is who she is in
person and she'll be like, guys, this is on sale
(19:26):
or hey, guys, I've been thinking about this top for
a month. Should it be my like one purchase of
the month, And we're all just like so behind her.
So when you fall into that, do you find that
your friends have started embracing that type of lifestyle as
well and being like oh yeah, queen get it?
Speaker 4 (19:40):
Yeah?
Speaker 3 (19:41):
Definitely obsessed?
Speaker 4 (19:42):
All right?
Speaker 3 (19:43):
Tell me about investing. Is that something that you've dabbled in?
Is that something that you do? If not, why not?
Speaker 4 (19:50):
Yeah, And I've started investing. I started with the five
dollars from you with the chacas app.
Speaker 3 (19:55):
You started with the five dollars from the chasas app,
which I think some money win.
Speaker 4 (19:59):
Yeah, I was good and yeah, just started on there.
I think I have two and a half thousand dollars
in there now. I think I'm going to go more
aggressive on that once I get to my savings goal.
Speaker 3 (20:12):
Yeah that's fair.
Speaker 4 (20:13):
I can tell you what it's invested in as well.
Speaker 3 (20:16):
I would love the nitty gritty. I feel like some
people are like, oh, I just have two and a
half grand invested, and I'm like, Cuen, we want to
know the nitty gritty this is anonymous. What if you.
Speaker 4 (20:24):
Picked Vanguard is one of them, the Australian Vanguard, I've
got Commonwealth NDQ, and then just a random rogue one
which is h l I Insurance Company or something.
Speaker 3 (20:39):
What made you pick that?
Speaker 4 (20:41):
I don't know.
Speaker 3 (20:42):
You were just like, this is a good idea. I
love it.
Speaker 4 (20:44):
Yeah, well it was one of the first ones. And
then I just was like, I don't know why I picked.
Speaker 3 (20:48):
That, but that's okay. It's just part of the journey
when it came to picking. I guess NDP and Commonwealth
with they more strategic decisions or were they also think
that you were like, oh, they feel right, I'm just
going to pop them in and see how I go.
Speaker 4 (21:02):
Commonwealth, I can't really remember the thought process behind that,
but with the NDQ, whe I listened to like a
lot of information about that and stuff first and did
a bit of research on it. So same with the Vanguard.
Speaker 3 (21:13):
Very cool. And once you hit your ninety grand in savings,
what do you think you'll invest more in? Are you
going to go more down like the Vanguard to ETF
route and holding that or are there going to be
more individual shares like have you thought about the strategy
behind it, not.
Speaker 4 (21:27):
Too much of this stage, but I think it would
probably be a more etf focus than individual shares. Love.
Speaker 3 (21:32):
Now, tell me about debt. Do you have any debt?
Have you had any debt? What is that part of
your life?
Speaker 4 (21:38):
Like? Yeah, so I had a car loan, but before
my money mind shift like changed, I wasn't even like
I was paying off the bare minimum of that. And
because when I started with a car loan, I was
working in hospitality, so I think my payments were like
eighty dollars a fortnight, which wasn't great looking back at
it now, I would have paid a lot of interest
(21:58):
on that. I think it was at like seven percent
or something the interest, and it took me like I
think it was like six seven years to pay off.
And then obviously as soon as my mindset changed and
just went and wiped that off.
Speaker 3 (22:13):
Good girl. But at the same time, like when you
went and got a personal loan or you got a
car loan, I just feel like the marketing, the way
it's positioned to you, it's not hey, money diarist, like
eighty dollars is the bare minimum. You're meant to be
paying more to get ahead. They don't say that. They say,
oh girl, it's only going to cost you eighty dollars
a fortnight, and you go, oh, I've spent more or
(22:35):
less that It was fine, No worries. Like, they don't
tell you what you should be doing to put yourself
in the best possible position. They tell you what you
should be doing to maximize their profit, and that once
you learn that really annoys me.
Speaker 4 (22:49):
I actually wanted to do more, but they told me
because I was in a casual hospol job, they wouldn't recommend. Oh.
Speaker 3 (22:56):
I was just like, okay, oh, no worries, you must
be the experts here. Don't do that. We wouldn't want
to put you out. They made you spend more because
you were in a casual hospo job. It's even arguably
more important to get rid of it sooner because you
were paying more interests.
Speaker 4 (23:11):
Exactly.
Speaker 3 (23:12):
I am salty at them, all right, So that's gone.
Have you got any other types of debt?
Speaker 4 (23:17):
I did a UNY degree, so I've got hex. I
think that's sitting around thirty now.
Speaker 3 (23:23):
And is your unique degree something that you use now
for recruitment?
Speaker 4 (23:27):
No, it's not necessary to have a degree for recruitment,
but I'm sure it helped me like get positions.
Speaker 3 (23:33):
But yes, one hundred what did you do at UNI Major? Yeah,
that definitely would help you in the recruitment space, like
one thousand percent. I know they looked at your resume
and they're like, oh, she's going to know what's up
and how to ask the good questions and see what's
going on. Money darist, you are thirty one and you
own a one hundred and thirty grand ish a year.
Tell me what personal insurances have you set up?
Speaker 4 (23:56):
Haven't done the personal insurances yet?
Speaker 3 (23:59):
Cheeky of you've listened to a lot of podcast Is
it something that is on your radar? Not on your radar? Like,
tell me a bit more about that side.
Speaker 4 (24:06):
Yeah, it's definitely on the agenda. I'll probably look at
doing it with my partner, so we're both I'm not
sure if he has it, but just like go through
it and have that chat. We just currently have a housemate,
so I'm kind of waiting for him to move out
before we sort of like go through like everything in
our lives because we want to buy a whole bunch.
(24:28):
He kind of has like a you know, bachelor's pad,
vibe in terms of like the furniture and stuff. So
I want to like work out a plan of like
what we're going to do with everything like that, and
then I'll sit down.
Speaker 3 (24:39):
And just do a whole financial life cleanse, reset, and
be like, Okay, what are we as a couple doing
moving forward?
Speaker 4 (24:47):
Yeah, exactly like our plan is a couple. So it's
definitely going to include the personal insurances for sure.
Speaker 3 (24:52):
Yeah, for sure. All right, tell me, I feel like
you've been gas lighting yourself, like low key, You're like
a weapon. You're like, I'm just to bee. But tell
me what do you think your best money habit is,
because I feel like there's going to be a good
one here.
Speaker 4 (25:06):
Yeah. It would probably be a being able to actually
be set and treat my savings like a rent type
of payment and just automative payment into my savings. So
it kind of means that I'm just left with what
I have to spend and so of not going over that,
which is good.
Speaker 3 (25:23):
If we went back and we talked to pass you
and said you automate your cash, now, do you think
that she would think that was restrictive or do you
think that she would think that was crazy or like
would she say, yeah, we needed that.
Speaker 4 (25:36):
Yeah, I don't know. I probably would be like, I'm
not going to be able to like be able to
live if I did that back then, So I'd probably
would have been like it would have stressed me out,
like not feeling like I have money to fall back on.
But obviously now because I do have that emergency fund,
if something does come along, then I can go into that,
not my savings.
Speaker 3 (25:53):
So yes, so fair, tell me, did you prioritize your
emergency fund or your savings first, like you can all
the egg.
Speaker 4 (26:00):
I started the emergency fund first, but it wasn't much
at the beginning, like it was just fifty dollars a week,
and then I was like, oh, I could probably start
a savings account as well. I just thought that emergency
fund was like it was more important to have that
to fall back on if anything happened. And then obviously
savings was the property was in the in my mind
(26:21):
at that point, so I was like, okay, well we
need to do that too.
Speaker 3 (26:24):
Yeah, one hundred percent. And I feel like that sets
up really good money habits because if you are somebody
who's been I guess, living week to week and that
doesn't necessarily mean that you don't have enough money. It
just means that you've been spending it all. But if
you are in that situation, it feels restrictive to start saving.
But then it also feels good once you have an
emergency fund that you can fall back on things and
(26:47):
be like, oh, I actually did save for that, and
I can, you know, not go into financial distress over this.
But then it also sets up this really great money
habit that you don't dip into your savings to pay
for things. And like, now do you feel like that
money you said there was about sixty grand sitting in
your savings, do you feel like I cannot touch that,
like that is not mine to touch unless we're doing
(27:09):
property stuff, or do you maybe dabble a little bit?
Speaker 4 (27:13):
Yeah? No, I don't actually tend to take much out
of my savings. I have done in the past if
like maybe sometimes I forget about a payment or something,
so occasionally I've taken something out of there, but it's
I'm pretty consistent with keeping it in there.
Speaker 3 (27:28):
I love it. Tell me what is your worst money habit?
Speaker 4 (27:31):
Definitely convincing myself that experiences don't count spending, Like I've
been pretty bad lately. There's been a couple of concerts
and festivals and things that I've sent money on, and
we're going down south to like Wineries region for my birthday,
so pay for that recently as well.
Speaker 3 (27:51):
Do you know what, it sounds like you're doing pretty
well regardless. So if that's your worst money habit, like Queen,
live it up, I think that that's working quite well
for you. At the start of this episode, you said,
b I think I'm a B. I didn't used to
be a bee, you know, I've come so far, but
now I'm a bee. Queen, What does an A look
like then, because I feel like you're in such a
(28:12):
good position for someone who's only thirty one.
Speaker 4 (28:15):
Yeah, I think maybe like to get myself up to
an A. Obviously, look at the personal insurances. And also
I'm currently putting fifty dollars of my Page Fortnite into
my Super.
Speaker 3 (28:27):
Oh see, that's good.
Speaker 4 (28:29):
I'd like to do a little bit more than that,
So just trying to build up that super a little
bit more as well.
Speaker 3 (28:35):
We didn't touch on your super before. When we look
at your super account, what's sitting in there about seventy Okay,
so you're doing quite well for your age as well,
but you really want to kind of turbocharge that and
see it grow or are you feeling behind? Like why
is contributing to SUPER important at this point?
Speaker 4 (28:51):
Yeah, I just want to obviously make sure that I
am set up for retirement. I think people don't really
like realize the value that. And also this next year
I've taken on like additional work and stuff, so I
think it will be above the next tax bracket and everything.
So just want to probably when I get bonuses, put
(29:12):
that into my SUPER so I don't get taxed as much.
Speaker 3 (29:16):
Yeah, it makes me. I mean, just to give a
little bit of context because when we talk about SUPER,
I love to give contexts because so many of us go, oh,
I've only got seventy grand girl, You've got so much,
But the average balance of a thirty year old woman
in Australia is between forty four and fifty eight thousand dollars.
Has you taking some time out of the workforce, because
you know, you said before at some point my partner
(29:37):
and I want to have kids, and you know we're
obviously going to go on this beautiful holiday before then,
have you thought about your superannuation plan during that period
of time.
Speaker 4 (29:46):
Yeah, so obviously that's the thing that concerns me coming
from like the mindset that I have, Like I'm very
much like it sounds bad, not against men or something,
but like a bit distrusting, like of like, yeah, you
know someone turning around, like if you go on maternity
leave and like, oh, one, I'm making money and you're
not really making much money type of situation. So I
(30:08):
think it's been really important for me to kind of
like make sure that I will be contributing to that still.
So yeah, ideally be in a position where I get
super from like my employer. But I think they're changing
that super thing at the moment, aren't they.
Speaker 3 (30:23):
Yeah, there are heaps of changes coming in and that
your parental leave will have like minimum subranuation payments on it.
But it's always a really good conversation to have now,
because I don't think you and your partner are ready
for that conversation, not in a bad way, just in
a you said, look, we're going on a holiday. My
partner actually lives in a bit of a like a
man cave vibe house, Like I just don't think talking
(30:44):
about hey, when we have babies. Are we going to
be contributing like together to my super? That can come later,
but it's nice to have those thoughts in your head
about what that looks like, because I actually.
Speaker 4 (30:56):
Talked about oh you have Yeah, yeah, I'm very like,
I'm like, oh, what's my super going to look like?
And all that sort of stuff, So we definitely have
had conversations around it. Yeah. Yeah.
Speaker 3 (31:06):
And is he open to the idea that contributing to
your super well you're on leave would be a constructive
thing to do.
Speaker 4 (31:13):
Yeah, definitely.
Speaker 3 (31:14):
I'm obsessed. And also I'm gonna like make a grand
assumption that because he's in mining, he probably has a
really nice super account himself, so it kind of makes
sense to make that more equitable money. Diarist like, I
don't want to argue with you, but I do think
that you're higher than a b I feel like you're
just looking at things and going, oh, but there's so
much to do in the future, but like, right now,
you've got all your ducks in a row. So I
(31:36):
would say that is a type behavior. But I also
don't want to make you go, oh, I'm an a
if that's not aligning to your values. But my Queen,
this has been so good. Like, what do you mean
You've gone from being somebody who said, you know, I
didn't really have a lot of confidence with money. I
used to worry about every single dollar and now I'm
like aggressively saving and investing and I'm going to go
(31:57):
on a dream holiday. And you know, my money story
isn't perfect, but you know what it is. It's constructive
and I'm learning to build wealth. Like, girl, I could
not ask for more from somebody in your position, And like,
you've got sixty grand in your savings and you're projecting
that in the next what less than six months, you're
going to add another thirty grand to that. That is
(32:19):
elite behavior. Like I am just so excited for you
to achieve that. Can you please message me when that happens, Like,
I'm just I'm so excited for you, and I'm just
so excited that we've got to share this story on
the podcast and that my community get to hear it
or our community get to hear it. So it's been
a pleasure. Thank you so much, thanks for having me
appreciate it.
Speaker 2 (32:45):
The ad buy shared on She's on the Money is
general in nature and does not consider your individual circumstances.
She's on the Money exists purely for educational purposes and
should not be relied upon to make an investment or
financial decision. If you do choose to buy financial product,
read the PDS TMD and obtain appropriate financial.
Speaker 3 (33:04):
Advice tailored towards your needs.
Speaker 2 (33:06):
Victoria Divine and She's on the Money are authorized representatives
of money sherper P T y L t D A
b N three two one six four nine two seven
seven zero eight AFS L four five one two eight
nine
My name is Satasha Bamblet. I'm a proud First Nations
woman and I'm here to acknowledge country te glennyan Ganya, Niana,
Kaka yah y and Binahaka Nian our gay In Mbini,
yakarum Jar, dominyamiga Umaga Ihowaka, Nile, Waman damin Immalan, Bumba
bang gadaboma In and now in wakah ghana on yakarum
Jar Watanadaa. Hello, beautiful friends, we gather on the lands
(00:24):
of the Aboriginal people. We thank acknowledge and respect the
Abiginal people's land that we're gathering on today. Take pleasure
in all the land and respect all that you see.
She's on the Money podcast acknowledges culture, country, community and connections,
bringing you the tools, knowledge and resources for you to thrive.
Speaker 2 (00:45):
She's on the Money.
Speaker 3 (00:47):
She's on the Money. Hello, and welcome to She's on
the Money, the podcast that'll let you be a pervy
about other people's money habits for educational purposes, of course.
Welcome back to another one of our Money Diarius episodes,
brought to you by our friends at sky Wealth, where
I get the absolute privilege of sitting down with one
(01:07):
of our incredible Shees on the Money community members and
talking to them all about their journey. Now let's jump
straight into it, because this week I got a message
and it sounded exactly like this high Shees on the Money.
I'm thirty one. I work in mining recruitment and have
spent many years rebuilding my confidence with money. I've gone
from worrying about every single dollar to saving aggressively investing
(01:30):
and planning a dream Thaighland trip and thinking seriously about
my future. I don't have a perfect money story. I
still battle with lifestyle spending and the pressure to buy property,
but I'm learning how to build wealth while actually enjoying
my life. I'd love to share the winds, mistakes, and
mindset changes that got me here money Doris. The second
I saw that, I was like, get on my show.
(01:51):
This is amazing. Welcome. Yeah, it's definitely a bit of
a shift mining recruitment. Like I'm just I'm not gonna
ask any questions now, we'll get into that in a
hot second. The question I'd like to ask people right
off the bat, what grade money dost would you give
your money habits if I asked you to give them
a grade from A through to F.
Speaker 4 (02:09):
I'd probably give myself a B. I think I've come
a fair way. Yeah, all right, so let's learn a
little bit more about that. Can you tell me a
little bit more about your money story and the things
that have impacted it. I grew up in a house
where money was always like talked about, but like in
a negative way, Like my dad was sort of would
(02:30):
use it as a bit of a source of control. Yeah,
so like he wanted my mom to stay at home
and raise the children, and he referred to money as
like his.
Speaker 3 (02:39):
Money, Oh delight me, not like the families.
Speaker 4 (02:42):
Yeah, which was always like I guess kind of gave
me a little bit of a sort of worry about
like finances and all that sort of stuff. I'd see
what pressure my mom was under, like not to spend
money and things like that. Yeah, and yeah, I basically
just like saw how she was discouraged from chasing her
career and pursuing opportunities that came up to give her
(03:02):
financial independence.
Speaker 3 (03:03):
So, oh my god, that's so rough. That is so rough.
And seeing that as a child, like I'm assuming at
an age that you were like relatively formative. You don't know,
that's wrong. You just go, well, it must be his money,
that must be how this works.
Speaker 4 (03:18):
Yeah, exactly, And I think it had a huge impact
on me. And like the way that I saw money
when I first started earning money for myself, I kind
of went in the opposite direction of like how my
dad is with money, Like my dad's like wouldn't want
to spend money on anything, would be very very like
strict with money. So I just sort of went out
and spent all my money on like poes and you know,
(03:42):
going out with my friends and things like that.
Speaker 3 (03:44):
It makes sense because you didn't have freedom before and
then all of a sudden you have freedom of choice
and you're like, oh my god, I can choose anything,
and I'm going too, and like that is so common,
Like I wish I could be like, oh no, that
doesn't really happen. Like usually if we've been constricted in
literally anything, it would be money, it could be food,
it could be like our lifestyle, it could be anything.
(04:04):
The second we go from being like no, you're not
being restricted to you can basically do anything and make
your own choices, we do get a little bit silly,
like we do, and we don't mean it but it's
our way of kind of like making sure that we
feel like we're in control.
Speaker 4 (04:19):
Yeah exactly, I jumped off the other side of the
spectrum pretty much. And yeah, basically was like that up
until very recently, to be honest, And then I started
sort of having a bit of a mindset shift because
I'm getting older now, and yeah, my relationship with money
is definitely changed a lot thanks to you as well.
Speaker 3 (04:40):
Oh so sweet.
Speaker 4 (04:42):
Yeah, Like I was like getting into saving and all
that sort of stuff, and then just like obviously listen
to a lot of podcasts and spread a few books
and things, and then yeah, my mindset sort of shifted,
and I realized that like obviously, building like wealth and
all that sort of stuff is actually really important because
that's actually you've got more control over your money if
(05:03):
you're doing that rather than spending it all on close.
Speaker 3 (05:07):
And it's totally about learning this idea of delayed versus
instant gratification, because like, when you come out of a
situation that is rather restricted, whether you understand it or not,
instant gratification is what we default to because you've had
you know this, I would say delayed gratification, but like
not in a good way, like things have always been
pushed off for you, and you're like, well, this idea
(05:28):
of delayed gratification doesn't really work because like people say,
you can have it later or you know, not now,
and you're like, well that never happens, Like that never
comes true. So you go to, oh, those genes of
sale right now, and I'm going to have them right now,
and that makes me feel really good and my dopamine spikes,
and girl, I get it, like I really do. And
I got myself into a pickle because I was such
an instant like gratification queen. But like, don't get me wrong,
(05:52):
that felt good, didn't it. Like we don't have to
look back and say, oh, oh I was so bad. Girl.
I had a good time into debt, like I really did.
Speaker 4 (06:02):
I enjoyed the five passls a week.
Speaker 3 (06:04):
Oh my god, me too. But like at some point
you realize, hmm, this is actually stealing from future me.
What am I going to start doing? So tell me
about that mindset shift. You started listening to podcasts and
like picking up content and focusing on your savings. But like,
what made you go I actually want to do this
because like so many people want to but then, don't
(06:26):
I think.
Speaker 4 (06:27):
A lot of it as well? Was I changed from
being in a job where I was making it week
to week, whereas like any little bits of money that
I had spare, I was like, oh, I might as
well just spend it. Yeah, And then obviously got better
jobs and better jobs, and then sort of was like, Okay,
well I need to actually start thinking about my future,
(06:49):
growing a bit older as well, and then sort of
realizing that other people were further along than me, like
I was just renting with some friends, and you know,
then I sort of realized, oh, property market, how am
I ever gonna like afford a home if I don't
like start to actually really think about money and savings
(07:10):
and all that sort of stuff totally.
Speaker 3 (07:12):
And in the I don't know if I call them
letters or emails or whatever people send me. You said
that you know, you're still battling lifestyle spending and the
pressure to buy property, and I feel like that's really
relatable for our community. And you keep saying I'm getting older.
I'm I want to like smack you down a little
bit and be like, queen, you are only thirty one,
like please, like you are so young, but it's so
(07:35):
hard when you get to that like thirty year old age.
I feel, especially for people in twenty twenty six, you
get to about thirty and like it's like wealth starts
to seep out of people, so instead of being relatable
and having housemates and you're all kind of in the
same ship, Like you will start to see a few
friends buy a property and you're like, hold on, I
didn't even realize you were saving. And you start to
(07:56):
see a few friends like spend big on a Europe
trip and you're like, hold on, and I didn't realize
you could afford that. And you kind of realize that
people have been saving and investing in the background, and
you're like feel left behind in a way, but you're not,
like you're literally where you're supposed to be. But is
that kind of how it felt for you?
Speaker 4 (08:14):
Yeah, definitely, I felt like I was behind a lot.
But another thing would be I'm in a long term
relationship and my partner he owns his house and has
pretty much nearly paid off his mortgage.
Speaker 3 (08:28):
Okay, she knows how to date.
Speaker 4 (08:31):
He's a bit older than me. But I think like
as well, like bringing it back to like my parents,
and that situation is like I still want to buy
my own property because like I'm quite adavert to be
like independent and have my own financial freedom as well.
Speaker 3 (08:49):
I'm obsessed. I can't tell you how much I love
it when I meet a woman who says I'm in
a long term relationship or I've got a boyfriend, but
like I don't want him to be part of my
b get financial goals because I just want to be
set up on my own. You just know that that's
a really healthy relationship. You just know that, like you
obviously have a good level of respect for each other,
(09:10):
because so many people are like, oh, my boyfriend just
doesn't want me to do it without him, and that's
not a problem. Like my husband, if I had said
I want to buy my own house, he would have
been like, Victoria, I feel left behind, Like I want
to be on this journey. But like, obviously there's a
bit of a difference in your relationship where you said
your partner is like ahead of you. You're like, I
just want to catch up and I want to be
on the same page, and I just is your partner
(09:31):
really supportive of that?
Speaker 4 (09:32):
Yeah, No, he's happy for me to do it, like
he's setting the past like just save as much as
you can and potentially in the future, like depending on
obviously what happens with the property market and stuff, like
we might eventually buy something together or I might buy
something solo. But yeah, he's very very supportive of my
saving journey. Like he doesn't make me pay rent or anything,
(09:55):
so it's quite helpful.
Speaker 3 (09:56):
Money with Thank you, sir. Oh love to see it
all right, tell me a little bit more. You know,
you said you went from worrying about every single dollar,
and I find that when people say that, there seems
to be like a tipping point because like, given your
money story in the way you grew up, you're like,
I'm just spending week to week and like I'm just
spending what's there because it didn't feel like enough, like
(10:18):
or I might be incorrect, but that's the vibe was
picking up from. You know what you said. You kind
of said that you'd spent all of your money and
then there was like a little bit left. So you're like,
what's the point, Yes, at what point did you go,
actually that small amount of money has power. I should
be like saving, I should be you know, putting that
aside for later. And did it feel fruitless at the start,
(10:40):
or like where did this come from to have such
a big mindset shift.
Speaker 4 (10:43):
Oh, I kind of hit rock bottom, well not rock bottom,
but like I just had loads of outgoings and I
wasn't managing my money well, Like I was still going
out a fair a few times a week for like
meals and things. And then like I remember like being
on the phone to like phone company and like asking
for them to defer it every couple of weeks, and
(11:05):
I was just like, oh, this is like I don't
want to be in this situation where I'm living week
to week and like I'm stressed about money. Like I
remember crying to one of my supervisors at the time,
like about money and like if I could get a
pay rise, and I was like, I don't want to
be asking that based off like yeah, I want to
be asking based off merit, not because I feel like
(11:26):
I'm in financial trouble and stressed out. And yeah, that's such.
Speaker 3 (11:31):
A stressful position. And so what was the first thing
you did? You obviously consumed a whole heap of content,
but did you open a separate savings account or did
you just go, oh, I'm going to say no to
the next dinner or like what was like, I guess
the small steps that took you towards this.
Speaker 4 (11:50):
I opened a completely different savings account, so I have
my main account with Commonwealth, and then I have you
Bank as my savings, and then within that, I have
eight separate accounts where.
Speaker 3 (12:02):
I I, oh, my goodness, you've gone hair. I love it.
Speaker 4 (12:07):
Yeah, I went a little bit crazy with separate accounts.
When I transfer on payday automatically into my savings, like
it's a rent situation, so that goes straight into my savings.
I'm saving one thousand, six hundred and fortnite into my savings.
Speaker 3 (12:22):
How good's that?
Speaker 4 (12:24):
And then I'll put in like, you know, fifty dollars
into like presents fifty dollars into whichever account, and then
like that would just build up, like I've got an
emergency fund as well, so stop it.
Speaker 3 (12:38):
Past you would be like, who is this woman? What
has she done? And why is our money all so organized?
Like what do you mean it's not in our wardrobe?
Speaker 4 (12:47):
Nah? It definitely feels good as well to have like
an emergency fund and stuff.
Speaker 3 (12:51):
I'm obsessed. So tell me a little bit more about you.
You mentioned that you work in mining recruitment. So what
is that job and how much do you get paid
to do it?
Speaker 4 (12:59):
Yeah, work as a recruiter for mining, So I essentially
employ all like mechanical trades in the mining industry and
I get paid as a commission based job. So this
financial year to be around one hundred and.
Speaker 3 (13:14):
Thirty stop it? What's your base?
Speaker 4 (13:17):
Ninety five? Oh?
Speaker 3 (13:18):
How good's that? That's a nice amount of comms. So
tell me are the people that you're recruiting for? I
don't know what you meant. So you said, like for
mechanical trades. Obviously I understand that, but like, does that
mean that they have to be skilled or does that
mean that you know they're going in and being trained
or like what type of people are you looking for
and how hard are they defined?
Speaker 4 (13:39):
Yeah, mostly have to be trained, so four year apprenticeship.
We do have a few people like service people which
are not trained, but we don't get too many on that.
It's more the actual apprenticeship.
Speaker 3 (13:52):
Yeah, no, that makes sense.
Speaker 4 (13:53):
They have to have completed a four year apprenticeship and
usually a couple of years experience behind them as well.
Get them on board.
Speaker 3 (14:00):
I feel like that means you're as a recruiter probably
hustling pretty hard because like my best friend was a
recruiter for ten plus years and she worked more in
professional services and she got to lean on like LinkedIn
really heavily. But when you're working in like that more
mechanical field, they're not usually setting up a really shiny,
fancy LinkedIn for a recruiter to stumble across. So am
(14:23):
I right in assuming like the hustle is hard.
Speaker 4 (14:26):
Yeah, not many mechanics have linkedins, So no, it's definitely
a lot of seek and gold calls and things.
Speaker 3 (14:33):
Yeah yeah, wow, how cool. So now tell me what's
your big money goal. Like you said that you have
your U bank set up, it's got eight different accounts,
but like, what are you working towards a couple?
Speaker 4 (14:46):
So by the end of this year, I want to
have ninety K in my savings stop my main savings account,
just because yeah, I'm looking obviously potentially property, so just
sort of want to have that set in there. And
then I'm going on a trip to Thailand with my
partner at the end of the year as well, So
three weeks away in Thailand.
Speaker 3 (15:06):
Sorry, oh my good nurse, Thailand is stunning. Tell me
how did you plan that trip with your partner? Like,
how are we funding it?
Speaker 4 (15:13):
Well, he's not really a saver who works in mining,
so he gets like a fair amount of money each
month when he gets paid, so he's really saved. He'll
just be like, oh, I've got the money.
Speaker 3 (15:25):
It must be nice. Can you can you just introduce
him to me? Oh that sounds bad, but can you
introduce him to me? Because I want to set up
he is like money in cash flow system, because my goodness,
the amount of people that I see in like these
mining jobs, which you can probably agree with me, they
could last forever, but often people want to tap out
but they haven't set themselves up financially well enough to
(15:47):
exit the industry, so that they're like stuck on the
rat race of mining. Can you tell him to get
his budget life together? Please?
Speaker 4 (15:55):
Yeah, he definitely overdoes it on the over eats, but no,
he puts most of his money onto the mortgage, so
he's nearly paid it off, so that is not too
bad with money.
Speaker 3 (16:05):
But he's also got high cash flow, so tell me.
Obviously he's going to fund it as he is, and
you've been saving for it. How bougie is this holiday, Like,
how did you make decisions around, Oh, what's a reasonable
price to pay for a hotel? Because they've really been
adding up or I'm finding that when I'm googling holidays
to go on, they're just adding up and hotels are
(16:25):
so much more expensive than I like have in my
head what they should be. Is that the same for
you while planning.
Speaker 4 (16:30):
Yeah, it's definitely on the price er side, just because
we are going over Christmas in years.
Speaker 3 (16:34):
Oh yeah, you've really decided to ramp it up there.
Speaker 4 (16:38):
But I already have like booked to them, just not
paid for them all yet, but I did go sort
of mid range. It is going to be a little
bit expensive. But I think we're probably in the next
few years looking at having kids, so I'm like, oh, well,
you know, it's a big go hard before Yeah.
Speaker 3 (16:55):
Yeah, go hard, because like I'm telling you right now,
I had a baby. Obviously I have two of them.
We traveled to Europe with my son when he was
four months old, and that was incredible, But right now
here's two and there is absolutely no chance I'm getting
on an international flight with a two year old and
I don't know how long that's gonna last. And like
it's a season. I'm not mad about it, but like, yes,
(17:16):
live it up right now because when they're teeny tiny,
little sweet potatoes who can't move, holidaying with them is easy.
But once they have little opinions, absolutely not, once they
can run, absolutely not. I'm telling you right now, I
do not. Yeah, I do not want to just parent
overseas like that would not be a holiday for me.
It would be wasted.
Speaker 4 (17:37):
Yeah, exactly. It's been a hard work.
Speaker 3 (17:39):
Yeah exactly. So I feel like you've got your head
screwed on their money. Dos. Let's go to a really
quick break because on the flip side, I want to
ask you a little bit more about this ninety thousand
dollars in savings, because that's incredibly impressive your investments, your debts,
and your personal insurance. So don't go anywhere, all right,
money dives. Do we back ninety grand in saving? God,
(18:03):
that's hectic. How did you get that much money in savings?
After saying I just I wasn't very good at money
and now I'm thirty one, queen, what.
Speaker 4 (18:15):
Well, I'm not quite there yet. I want to be
at ninety by the end of the year. So it's
currently at sixty.
Speaker 3 (18:20):
Okay, but okay, like reframe, it's at sixty so you've
got more than ten grand in savings. Like when you said, oh,
I just I've started saving, I just fully expected you
to be like, look, bebe you know, I've just really
started and I've got my first five grand in savings,
which would also be impressive, But you blew that out
of the water. How did you change your mindset so
(18:41):
dramatically to have such a large sum.
Speaker 4 (18:44):
I've been trying to get behind like the under consumption
videos and things on TikTok because I definitely had a
spending problem, so very fair. Yeah, that's definitely helped a lot,
trying to shift my mind from like spending all my money,
so I think that makes me thing for me is
just like not spending so much money on clothes and things.
Speaker 3 (19:04):
It's kind of humbling, isn't it When you fall onto
like that side of content and you're like, hey, like
these girls might be onto something. One of my team
members Brook you might have seen her on socials. She
does a lot of content like that and I'm just obsessed.
But even in our team group chat, she'll be like
literally who she is online is who she is in
person and she'll be like, guys, this is on sale
(19:26):
or hey, guys, I've been thinking about this top for
a month. Should it be my like one purchase of
the month, And we're all just like so behind her.
So when you fall into that, do you find that
your friends have started embracing that type of lifestyle as
well and being like oh yeah, queen get it?
Speaker 4 (19:40):
Yeah?
Speaker 3 (19:41):
Definitely obsessed?
Speaker 4 (19:42):
All right?
Speaker 3 (19:43):
Tell me about investing. Is that something that you've dabbled in?
Is that something that you do? If not, why not?
Speaker 4 (19:50):
Yeah, And I've started investing. I started with the five
dollars from you with the chacas app.
Speaker 3 (19:55):
You started with the five dollars from the chasas app,
which I think some money win.
Speaker 4 (19:59):
Yeah, I was good and yeah, just started on there.
I think I have two and a half thousand dollars
in there now. I think I'm going to go more
aggressive on that once I get to my savings goal.
Speaker 3 (20:12):
Yeah that's fair.
Speaker 4 (20:13):
I can tell you what it's invested in as well.
Speaker 3 (20:16):
I would love the nitty gritty. I feel like some
people are like, oh, I just have two and a
half grand invested, and I'm like, Cuen, we want to
know the nitty gritty this is anonymous. What if you.
Speaker 4 (20:24):
Picked Vanguard is one of them, the Australian Vanguard, I've
got Commonwealth NDQ, and then just a random rogue one
which is h l I Insurance Company or something.
Speaker 3 (20:39):
What made you pick that?
Speaker 4 (20:41):
I don't know.
Speaker 3 (20:42):
You were just like, this is a good idea. I
love it.
Speaker 4 (20:44):
Yeah, well it was one of the first ones. And
then I just was like, I don't know why I picked.
Speaker 3 (20:48):
That, but that's okay. It's just part of the journey
when it came to picking. I guess NDP and Commonwealth
with they more strategic decisions or were they also think
that you were like, oh, they feel right, I'm just
going to pop them in and see how I go.
Speaker 4 (21:02):
Commonwealth, I can't really remember the thought process behind that,
but with the NDQ, whe I listened to like a
lot of information about that and stuff first and did
a bit of research on it. So same with the Vanguard.
Speaker 3 (21:13):
Very cool. And once you hit your ninety grand in savings,
what do you think you'll invest more in? Are you
going to go more down like the Vanguard to ETF
route and holding that or are there going to be
more individual shares like have you thought about the strategy
behind it, not.
Speaker 4 (21:27):
Too much of this stage, but I think it would
probably be a more etf focus than individual shares. Love.
Speaker 3 (21:32):
Now, tell me about debt. Do you have any debt?
Have you had any debt? What is that part of
your life?
Speaker 4 (21:38):
Like? Yeah, so I had a car loan, but before
my money mind shift like changed, I wasn't even like
I was paying off the bare minimum of that. And
because when I started with a car loan, I was
working in hospitality, so I think my payments were like
eighty dollars a fortnight, which wasn't great looking back at
it now, I would have paid a lot of interest
(21:58):
on that. I think it was at like seven percent
or something the interest, and it took me like I
think it was like six seven years to pay off.
And then obviously as soon as my mindset changed and
just went and wiped that off.
Speaker 3 (22:13):
Good girl. But at the same time, like when you
went and got a personal loan or you got a
car loan, I just feel like the marketing, the way
it's positioned to you, it's not hey, money diarist, like
eighty dollars is the bare minimum. You're meant to be
paying more to get ahead. They don't say that. They say,
oh girl, it's only going to cost you eighty dollars
a fortnight, and you go, oh, I've spent more or
(22:35):
less that It was fine, No worries. Like, they don't
tell you what you should be doing to put yourself
in the best possible position. They tell you what you
should be doing to maximize their profit, and that once
you learn that really annoys me.
Speaker 4 (22:49):
I actually wanted to do more, but they told me
because I was in a casual hospol job, they wouldn't recommend. Oh.
Speaker 3 (22:56):
I was just like, okay, oh, no worries, you must
be the experts here. Don't do that. We wouldn't want
to put you out. They made you spend more because
you were in a casual hospo job. It's even arguably
more important to get rid of it sooner because you
were paying more interests.
Speaker 4 (23:11):
Exactly.
Speaker 3 (23:12):
I am salty at them, all right, So that's gone.
Have you got any other types of debt?
Speaker 4 (23:17):
I did a UNY degree, so I've got hex. I
think that's sitting around thirty now.
Speaker 3 (23:23):
And is your unique degree something that you use now
for recruitment?
Speaker 4 (23:27):
No, it's not necessary to have a degree for recruitment,
but I'm sure it helped me like get positions.
Speaker 3 (23:33):
But yes, one hundred what did you do at UNI Major? Yeah,
that definitely would help you in the recruitment space, like
one thousand percent. I know they looked at your resume
and they're like, oh, she's going to know what's up
and how to ask the good questions and see what's
going on. Money darist, you are thirty one and you
own a one hundred and thirty grand ish a year.
Tell me what personal insurances have you set up?
Speaker 4 (23:56):
Haven't done the personal insurances yet?
Speaker 3 (23:59):
Cheeky of you've listened to a lot of podcast Is
it something that is on your radar? Not on your radar? Like,
tell me a bit more about that side.
Speaker 4 (24:06):
Yeah, it's definitely on the agenda. I'll probably look at
doing it with my partner, so we're both I'm not
sure if he has it, but just like go through
it and have that chat. We just currently have a housemate,
so I'm kind of waiting for him to move out
before we sort of like go through like everything in
our lives because we want to buy a whole bunch.
(24:28):
He kind of has like a you know, bachelor's pad,
vibe in terms of like the furniture and stuff. So
I want to like work out a plan of like
what we're going to do with everything like that, and
then I'll sit down.
Speaker 3 (24:39):
And just do a whole financial life cleanse, reset, and
be like, Okay, what are we as a couple doing
moving forward?
Speaker 4 (24:47):
Yeah, exactly like our plan is a couple. So it's
definitely going to include the personal insurances for sure.
Speaker 3 (24:52):
Yeah, for sure. All right, tell me, I feel like
you've been gas lighting yourself, like low key, You're like
a weapon. You're like, I'm just to bee. But tell
me what do you think your best money habit is,
because I feel like there's going to be a good
one here.
Speaker 4 (25:06):
Yeah. It would probably be a being able to actually
be set and treat my savings like a rent type
of payment and just automative payment into my savings. So
it kind of means that I'm just left with what
I have to spend and so of not going over that,
which is good.
Speaker 3 (25:23):
If we went back and we talked to pass you
and said you automate your cash, now, do you think
that she would think that was restrictive or do you
think that she would think that was crazy or like
would she say, yeah, we needed that.
Speaker 4 (25:36):
Yeah, I don't know. I probably would be like, I'm
not going to be able to like be able to
live if I did that back then, So I'd probably
would have been like it would have stressed me out,
like not feeling like I have money to fall back on.
But obviously now because I do have that emergency fund,
if something does come along, then I can go into that,
not my savings.
Speaker 3 (25:53):
So yes, so fair, tell me, did you prioritize your
emergency fund or your savings first, like you can all
the egg.
Speaker 4 (26:00):
I started the emergency fund first, but it wasn't much
at the beginning, like it was just fifty dollars a week,
and then I was like, oh, I could probably start
a savings account as well. I just thought that emergency
fund was like it was more important to have that
to fall back on if anything happened. And then obviously
savings was the property was in the in my mind
(26:21):
at that point, so I was like, okay, well we
need to do that too.
Speaker 3 (26:24):
Yeah, one hundred percent. And I feel like that sets
up really good money habits because if you are somebody
who's been I guess, living week to week and that
doesn't necessarily mean that you don't have enough money. It
just means that you've been spending it all. But if
you are in that situation, it feels restrictive to start saving.
But then it also feels good once you have an
emergency fund that you can fall back on things and
(26:47):
be like, oh, I actually did save for that, and
I can, you know, not go into financial distress over this.
But then it also sets up this really great money
habit that you don't dip into your savings to pay
for things. And like, now do you feel like that
money you said there was about sixty grand sitting in
your savings, do you feel like I cannot touch that,
like that is not mine to touch unless we're doing
(27:09):
property stuff, or do you maybe dabble a little bit?
Speaker 4 (27:13):
Yeah? No, I don't actually tend to take much out
of my savings. I have done in the past if
like maybe sometimes I forget about a payment or something,
so occasionally I've taken something out of there, but it's
I'm pretty consistent with keeping it in there.
Speaker 3 (27:28):
I love it. Tell me what is your worst money habit?
Speaker 4 (27:31):
Definitely convincing myself that experiences don't count spending, Like I've
been pretty bad lately. There's been a couple of concerts
and festivals and things that I've sent money on, and
we're going down south to like Wineries region for my birthday,
so pay for that recently as well.
Speaker 3 (27:51):
Do you know what, it sounds like you're doing pretty
well regardless. So if that's your worst money habit, like Queen,
live it up, I think that that's working quite well
for you. At the start of this episode, you said,
b I think I'm a B. I didn't used to
be a bee, you know, I've come so far, but
now I'm a bee. Queen, What does an A look
like then, because I feel like you're in such a
(28:12):
good position for someone who's only thirty one.
Speaker 4 (28:15):
Yeah, I think maybe like to get myself up to
an A. Obviously, look at the personal insurances. And also
I'm currently putting fifty dollars of my Page Fortnite into
my Super.
Speaker 3 (28:27):
Oh see, that's good.
Speaker 4 (28:29):
I'd like to do a little bit more than that,
So just trying to build up that super a little
bit more as well.
Speaker 3 (28:35):
We didn't touch on your super before. When we look
at your super account, what's sitting in there about seventy Okay,
so you're doing quite well for your age as well,
but you really want to kind of turbocharge that and
see it grow or are you feeling behind? Like why
is contributing to SUPER important at this point?
Speaker 4 (28:51):
Yeah, I just want to obviously make sure that I
am set up for retirement. I think people don't really
like realize the value that. And also this next year
I've taken on like additional work and stuff, so I
think it will be above the next tax bracket and everything.
So just want to probably when I get bonuses, put
(29:12):
that into my SUPER so I don't get taxed as much.
Speaker 3 (29:16):
Yeah, it makes me. I mean, just to give a
little bit of context because when we talk about SUPER,
I love to give contexts because so many of us go, oh,
I've only got seventy grand girl, You've got so much,
But the average balance of a thirty year old woman
in Australia is between forty four and fifty eight thousand dollars.
Has you taking some time out of the workforce, because
you know, you said before at some point my partner
(29:37):
and I want to have kids, and you know we're
obviously going to go on this beautiful holiday before then,
have you thought about your superannuation plan during that period
of time.
Speaker 4 (29:46):
Yeah, so obviously that's the thing that concerns me coming
from like the mindset that I have, Like I'm very
much like it sounds bad, not against men or something,
but like a bit distrusting, like of like, yeah, you
know someone turning around, like if you go on maternity
leave and like, oh, one, I'm making money and you're
not really making much money type of situation. So I
(30:08):
think it's been really important for me to kind of
like make sure that I will be contributing to that still.
So yeah, ideally be in a position where I get
super from like my employer. But I think they're changing
that super thing at the moment, aren't they.
Speaker 3 (30:23):
Yeah, there are heaps of changes coming in and that
your parental leave will have like minimum subranuation payments on it.
But it's always a really good conversation to have now,
because I don't think you and your partner are ready
for that conversation, not in a bad way, just in
a you said, look, we're going on a holiday. My
partner actually lives in a bit of a like a
man cave vibe house, Like I just don't think talking
(30:44):
about hey, when we have babies. Are we going to
be contributing like together to my super? That can come later,
but it's nice to have those thoughts in your head
about what that looks like, because I actually.
Speaker 4 (30:56):
Talked about oh you have Yeah, yeah, I'm very like,
I'm like, oh, what's my super going to look like?
And all that sort of stuff, So we definitely have
had conversations around it. Yeah. Yeah.
Speaker 3 (31:06):
And is he open to the idea that contributing to
your super well you're on leave would be a constructive
thing to do.
Speaker 4 (31:13):
Yeah, definitely.
Speaker 3 (31:14):
I'm obsessed. And also I'm gonna like make a grand
assumption that because he's in mining, he probably has a
really nice super account himself, so it kind of makes
sense to make that more equitable money. Diarist like, I
don't want to argue with you, but I do think
that you're higher than a b I feel like you're
just looking at things and going, oh, but there's so
much to do in the future, but like, right now,
you've got all your ducks in a row. So I
(31:36):
would say that is a type behavior. But I also
don't want to make you go, oh, I'm an a
if that's not aligning to your values. But my Queen,
this has been so good. Like, what do you mean
You've gone from being somebody who said, you know, I
didn't really have a lot of confidence with money. I
used to worry about every single dollar and now I'm
like aggressively saving and investing and I'm going to go
(31:57):
on a dream holiday. And you know, my money story
isn't perfect, but you know what it is. It's constructive
and I'm learning to build wealth. Like, girl, I could
not ask for more from somebody in your position, And like,
you've got sixty grand in your savings and you're projecting
that in the next what less than six months, you're
going to add another thirty grand to that. That is
(32:19):
elite behavior. Like I am just so excited for you
to achieve that. Can you please message me when that happens, Like,
I'm just I'm so excited for you, and I'm just
so excited that we've got to share this story on
the podcast and that my community get to hear it
or our community get to hear it. So it's been
a pleasure. Thank you so much, thanks for having me
appreciate it.
Speaker 2 (32:45):
The ad buy shared on She's on the Money is
general in nature and does not consider your individual circumstances.
She's on the Money exists purely for educational purposes and
should not be relied upon to make an investment or
financial decision. If you do choose to buy financial product,
read the PDS TMD and obtain appropriate financial.
Speaker 3 (33:04):
Advice tailored towards your needs.
Speaker 2 (33:06):
Victoria Divine and She's on the Money are authorized representatives
of money sherper P T y L t D A
b N three two one six four nine two seven
seven zero eight AFS L four five one two eight
nine
Popular Podcasts
Betrayal Weekly
Betrayal Weekly is back for a new season. Every Thursday, Betrayal Weekly shares first-hand accounts of broken trust, shocking deceptions, and the trail of destruction they leave behind. Hosted by Andrea Gunning, this weekly ongoing series digs into real-life stories of betrayal and the aftermath. From stories of double lives to dark discoveries, these are cautionary tales and accounts of resilience against all odds. From the producers of the critically acclaimed Betrayal series, Betrayal Weekly drops new episodes every Thursday. If you would like to share your story, you can reach out to the Betrayal Team by emailing them at betrayalpod@gmail.com and follow us on Instagram at @betrayalpod and @glasspodcasts. Please join our Substack for additional exclusive content, curated book recommendations, and community discussions. Sign up FREE by clicking this link Beyond Betrayal Substack. Join our community dedicated to truth, resilience, and healing. Your voice matters! Be a part of our Betrayal journey on Substack.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.